Midday Update: 2022-12-20

On plan with a bounce, but could be nearing the end

The S&P 500 made a minor new low this morning against the support at 3797 and has been on a choppy bounce since. SPX is now up into early possible wave iv targets around 3834 to 3844. I’d like to see another swing low tomorrow or Thursday morning prior to another bounce attempt that would be a sort of Santa rally next week.

At early targets for a wave iv